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Stock market today: Wall Street futures tick higher ahead if big week in retail. US Steel soars

Published Mon, 16 Dec 2024 14:02:02 GMT

Wall Street inched toward small gains before the opening bell ahead of a raft of data this week that may provide more insight into the health of U.S. retailers.Futures for the S&P 500 and the Dow Jones Industrial Average ticked up a little more than 0.1% Monday. The government on Tuesday will release its retail sales report for July, while Home Depot, Target, TJX Cos. and Walmart will post their most recent quarterly results this week.Retail spending has been a bit bumpy through the first half of the year after surging nearly 3% in January. Analysts forecast that spending rose 0.4% from June to July after a modest 0.2% increase in June.Economists believe that the turbulence in consumer spending has been caused in part by persistent inflation, which has come down closer to the Federal Reserve’s 2% target in recent months, but remains the U.S. economy’s biggest concern. The Fed has raised its benchmark lending rate a whopping 11 times in the past 17 months in an effort...

For Mark Zuckerberg’s Threads, the real rival is still TikTok — not the former Twitter

Published Mon, 16 Dec 2024 14:02:02 GMT

Threads, the simple, bare-bones text-based social network created by Facebook owner Meta, burst onto the scene during a particularly bad week for the rival then still known as Twitter. It quickly amassed 100 million signups — a huge feat for a newcomer in the space — and was dubbed as a “Twitter killer.” By week two, though, signups began to drop off. As of Aug. 7, the number of people who used Threads daily hovered around 10 million on Android phones, down from 49 million when it launched a month earlier, according to research firm SimilarWeb. Is Mark Zuckerberg’s latest venture just a flash in the pan? That depends on whether it can hold its own against its biggest rival. And no, that’s not X, the former Twitter. It’s TikTok. And the odds are not great. “Mark Zuckerberg may have temporarily been distracted in his sparring with Elon Musk, but the real battle for Meta is with TikTok,” said Insider Intelligence analyst Jasmine Enberg. “And Zuckerberg still really needs to watch his b...

ContraFect: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 14:02:02 GMT

YONKERS, N.Y. (AP) — YONKERS, N.Y. (AP) — ContraFect Corp. (CFRX) on Monday reported a loss of $7.6 million in its second quarter.The Yonkers, New York-based company said it had a loss of $1.94 per share.The company’s shares closed at 97 cents. A year ago, they were trading at $24.28._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFRX at https://www.zacks.com/ap/CFRXSource

Search efforts in Hawaii starting to move a little faster, official says. Follow live updates

Published Mon, 16 Dec 2024 14:02:02 GMT

Wildfire wreckage is seen Thursday, Aug. 10, 2023, in Lahaina, Hawaii. The search of the wildfire wreckage on the Hawaiian island of Maui on Thursday revealed a wasteland of burned out homes and obliterated communities as firefighters battled the deadliest blaze in the U.S. in recent years. (AP Photo/Rick Bowmer)(AP/Rick Bowmer) Wildfire wreckage is seen Thursday, Aug. 10, 2023, in Lahaina, Hawaii. The search of the wildfire wreckage on the Hawaiian island of Maui on Thursday revealed a wasteland of burned out homes and obliterated communities as firefighters battled the deadliest blaze in the U.S. in recent years. (AP Photo/Rick Bowmer)(AP/Rick Bowmer) Follow live updates about wildfires that have devastated part...

Vascular Biogenics: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 14:02:02 GMT

MODI`IN , Israel (AP) — MODI`IN, Israel (AP) — Vascular Biogenics Ltd. (VBLT) on Monday reported a loss of $874,000 in its second quarter.On a per-share basis, the Modi`In, Israel-based company said it had a loss of 1 cent._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VBLT at https://www.zacks.com/ap/VBLTSource

ClearSign: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 14:02:02 GMT

TULSA, Okla. (AP) — TULSA, Okla. (AP) — ClearSign Technologies Corporation (CLIR) on Monday reported a loss of $1.5 million in its second quarter.On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of 4 cents.The combustion systems technology company posted revenue of $150,000 in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLIR at https://www.zacks.com/ap/CLIRSource

Stratus Properties: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 14:02:02 GMT

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Stratus Properties Inc. (STRS) on Monday reported a loss of $5.3 million in its second quarter.The Austin, Texas-based company said it had a loss of 64 cents per share.The real estate company posted revenue of $3.5 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STRS at https://www.zacks.com/ap/STRSSource

Person falls off Baltimore bridge and dies after crash on I-395

Published Mon, 16 Dec 2024 14:02:02 GMT

A person has died after falling off a bridge on an interstate into the water below in Baltimore, Maryland, on Sunday night.The person fell over the jersey wall after a crash on Interstate 395 and Interstate 95, the city’s fire department said in a news release.Baltimore City fire spokesman Kevin Cartwright told WBAL-TV that paramedics were called to a crash around 9:45 p.m.While crews were assessing a crash victim, a second multivehicle crash occurred, causing one person at the scene to fall over the ledge, WBAL-TV reports.Crews recovered the person’s body from the water. Fire officials confirmed that person was a civilian — not a first responder.The interstate closed just before 11 p.m. and reopened by 1:45 a.m., according to the Maryland Transportation AuthoritySouthbound/ I-395 @ I-95 Police activity. ALL LANES CLOSED pic.twitter.com/G0IfdRxTMm— MDTA (@TheMDTA) August 14, 2023It isn’t clear what led up to the crashes.Source

Sunesis: Q2 Earnings Snapshot

Published Mon, 16 Dec 2024 14:02:02 GMT

CARDIFF, Calif. (AP) — CARDIFF, Calif. (AP) — Viracta Therapeutics, Inc. (VIRX) on Monday reported a loss of $12.5 million in its second quarter.On a per-share basis, the Cardiff, California-based company said it had a loss of 32 cents.The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIRX at https://www.zacks.com/ap/VIRXSource

Police search for missing Florida woman in Grand County

Published Mon, 16 Dec 2024 14:02:02 GMT

DENVER (KDVR) — Officers in Grand County are looking for a missing Florida woman who has not been heard from in at least 14 days.Svetlana Ustimenko is considered a missing and endangered woman. She is in her mid-50s and is originally from Florida. Grand County Sheriff's officers and a United States Forest Service law enforcement officer located a parked rental car at the Deadhorse Trailhead on July 30. The trail is near the Town of Fraser in the Arapahoe National Forest. 1 dead, another critically injured after falling 300 feet at RMNP Deputies said the vehicle appeared to have been parked there for an extended period of time with no signs of recent activity.The car is described as a white 2022 Nissan Sentra with Louisiana license plates. Police in Grand County located this rental car at the Deadhorse Trailhead but have not found the Florida woman who rented it. (Grand County Sheriff's Office)Following an investigation, deputies discovered the car was scheduled to be returned to ...